Does financial inclusion promote investment and affect residents' happiness?—Evidence from China

With the rapid development of inclusive finance, the popularity of financial services is increasing, and the level of financial literacy of residents has gained. Using data from the years 2013, 2015, and 2017 China General Social Surveys (CGSS) and the China Digital Inclusive Finance Development Ind...

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Autores principales: Xu, Qiuyan, Sun, Wu
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Frontiers Media S.A. 2022
Materias:
Psychology
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9444132/
https://www.ncbi.nlm.nih.gov/pubmed/36072025
http://dx.doi.org/10.3389/fpsyg.2022.988312
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author Xu, Qiuyan
Sun, Wu
author_facet Xu, Qiuyan
Sun, Wu
author_sort Xu, Qiuyan
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description With the rapid development of inclusive finance, the popularity of financial services is increasing, and the level of financial literacy of residents has gained. Using data from the years 2013, 2015, and 2017 China General Social Surveys (CGSS) and the China Digital Inclusive Finance Development Index to analyze residents' investment behavior in China, this study finds that inclusive finance significantly increased residents' investment participation and decrease their sense of happiness at the same time. This study demonstrates the effectiveness of China's financial inclusion policy and provides ideas for its further improvement.
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spelling pubmed-94441322022-09-06 Does financial inclusion promote investment and affect residents' happiness?—Evidence from China Xu, Qiuyan Sun, Wu Front Psychol Psychology With the rapid development of inclusive finance, the popularity of financial services is increasing, and the level of financial literacy of residents has gained. Using data from the years 2013, 2015, and 2017 China General Social Surveys (CGSS) and the China Digital Inclusive Finance Development Index to analyze residents' investment behavior in China, this study finds that inclusive finance significantly increased residents' investment participation and decrease their sense of happiness at the same time. This study demonstrates the effectiveness of China's financial inclusion policy and provides ideas for its further improvement. Frontiers Media S.A. 2022-08-22 /pmc/articles/PMC9444132/ /pubmed/36072025 http://dx.doi.org/10.3389/fpsyg.2022.988312 Text en Copyright © 2022 Xu and Sun. https://creativecommons.org/licenses/by/4.0/This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
spellingShingle Psychology
Xu, Qiuyan
Sun, Wu
Does financial inclusion promote investment and affect residents' happiness?—Evidence from China
title Does financial inclusion promote investment and affect residents' happiness?—Evidence from China
title_full Does financial inclusion promote investment and affect residents' happiness?—Evidence from China
title_fullStr Does financial inclusion promote investment and affect residents' happiness?—Evidence from China
title_full_unstemmed Does financial inclusion promote investment and affect residents' happiness?—Evidence from China
title_short Does financial inclusion promote investment and affect residents' happiness?—Evidence from China
title_sort does financial inclusion promote investment and affect residents' happiness?—evidence from china
topic Psychology
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9444132/
https://www.ncbi.nlm.nih.gov/pubmed/36072025
http://dx.doi.org/10.3389/fpsyg.2022.988312
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